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U.S. Bitcoin Strategic Reserve Announcement Expected Soon, Says Trump Advisor
According to Benzinga, President's Council of Advisors for Digital Assets member Patrick Witt confirmed a Strategic Bitcoin Reserve announcement is forthcoming, with Deputy Chief Harry Jung leading the interagency process triggered by Trump's executive order.
In in an interview with The Wolf Of All Streets Podcast on Sunday, Witt stressed the reserve must be codified into law, warning that executive orders are easily reversed with regime change. He said the CLARITY Act is approximately 90% complete and targeting a July-August passage, adding that banks need the legislation more than the crypto industry to gain clear permission to engage with digital assets. Witt also said the president's signal on Bitcoin as a strategic asset creates game-theory pressure on global central banks.
In in an interview with The Wolf Of All Streets Podcast on Sunday, Witt stressed the reserve must be codified into law, warning that executive orders are easily reversed with regime change. He said the CLARITY Act is approximately 90% complete and targeting a July-August passage, adding that banks need the legislation more than the crypto industry to gain clear permission to engage with digital assets. Witt also said the president's signal on Bitcoin as a strategic asset creates game-theory pressure on global central banks.
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